Wrigleyville boutique hotel plans announced

CHICAGO (WLS) -- Plans have been revealed for a new boutique hotel in the heart of Wrigleyville at Clark and Addison, built by Hickory Street Capital, a real estate development company owned by the Ricketts family. Tom Ricketts owns the Chicago Cubs.

The new Hotel Zachary will be a seven-story, 238,000 square foot mixed use building which will include retail space for local boutiques and local chef-driven restaurants, Hickory Street Capital said in a press release. The group announced it will partner with One Off Hospitality (Avec, the Publican, Nico Osteria), 4 Star Restaurant Group (Dunlays, Smoke Daddy, Crosby's Kitchen), Folkart Restaurant Management (Yusho, Billy Sunday) and West Town Bakery.

The hotel will be part of Starwood Hotels & Resorts, with 175 rooms. The hotel's design will be largely modern and draw inspiration from Wrigley Field, according to its developers.

"We are proud to bring Hotel Zachary to the Wrigleyville neighborhood as part of our commitment to enhance the Lakeview community," said Tom Ricketts, chairman of Hickory Street Capital. "With this new hotel, we look forward to paying respect to the rich and storied history of Chicago architecture, while creating a unique hotel experience for guests."

The hotel is expected to open in early 2018.